Punjab National Bank Home Loan in Indore
Last Updated : May 5, 2018, 4:24 p.m.
About Punjab National Bank Home Loan in Indore
Indore is a beautiful city to live and if you have been looking for an affordable home loan for quite a long time, Punjab National Bank is here to leave a smile on your face. The home loan scheme of Pradhan Mantri Awas Yojana gives you an affordable home loan interest rate to help you buy a home without any worries. Have a look at the eligibility criteria, interest rates, branch contact details in Indore city to apply for a home loan at Punjab National Bank.
Punjab National Bank Home Loan Indore at a Glance
| Particulars | Details |
|---|---|
| Interest Rate | 8.60% - 9.95% |
| Loan amount | For Public: Up to ₹1 Crores For Pradhan Mantri Awas Yojana: Up to ₹30 lakhs |
| Tenure | For Public: Up to 30 years For Pradhan Mantri Awas Yojana: Up to 15 years |
| Processing Fee | For Public: For ₹300 lac- 0.50% of loan amount Maximum ₹20000/- For above - ₹50000/- For Pradhan Mantri Awas Yojana: NIL |
Eligibility Criteria
The eligibility criteria to apply for a home loan or housing loan at Punjab National Bank (PNB) is as follows:
- For Public: Individuals or Joint owners.
- For Pradhan Mantri Awas Yojana:
- EWS households are defined as households having an annual income up to ₹3,00,000
- LIG households are defined as households having an annual income above ₹3,00,000 and up to ₹6,00,000
Documents Required
The list of documents that an applicant must have at the time of applying for a home loan at PNB is as follows:
Identity Proof:
- Valid
- Passport
- Voter ID Card
- Aadhaar Card
- Valid Driving Licence
Address Proof:
- Valid Passport
- Voter ID Card
- Aadhaar Card
- Valid Driving Licence
Income Proof:
- Last 3 months’ Salary Slips
- Last 6 months’ Bank Statements showing salary credits
- Latest Form-16 and IT returns
Property Proof:
- Title Deeds of the Plot
- Proof of no encumbrances on the property
- Copy of the plans approved by the Local Authorities
- Construction estimate by an Architect / Civil engineer
Other Documents:
- Employment Contract/Appointment Letter in case current employment is less than 1 year old
- Last 6 months’ Bank Statements showing repayment of any ongoing loans
- Duly filled application form along with recent passport
- Own Contribution Proof
For more information, read Home Loan Indore
Address of Punjab National Bank Branches in Indore
| Branch Name | Complete Address | IFSC Code | MICR | Contact Number |
|---|---|---|---|---|
| Ashok Nagar, Indore | Bilala Mill Road, Ashok Nagar, District Guna M.P 473331 | PUNB0002700 | 473024076 | 07453-222738, 223124 |
| Sitla Mata Bazaar | 36, Sitla Mata Bazaar, Indore, Madhya Pradesh 450202 | PUNB0021200 | 452024002 | 0731- 2543362 |
| Siyaganj, Indore | GG Tower, 24 Mg Road, Siyaganj, Indore, M.P - 452007 | PUNB0021300 | 452024004 | 0731-2432170, 2547850 |
| Mhow Cantt | Mhow Cantt, M.P | PUNB0032100 | 452024025 | 07324-272884, 279363 |
| Neemuch Cantt | Neemuch Cantt, Distt. Mandsaur, Indore M.P - 458441 | PUNB0036400 | 458024051 | 07423 - 223011, 230599 |
| Indore, Manorama Ganj | Indore Manormaganj, Madhya Pradesh - 452001 | PUNB0069900 | 452024003 | 0731-2493846, 2490753 |
| Jawahar Marg | Jawahar Marg, Distt Indore, M.P - 452004 | PUNB0193600 | 452024005 | 0731-2342025 |
| Indore, Sanwer Road | Marimata Chouraha, Indore M.P 452006 | PUNB0215700 | 452024006 | 0731-2421185.2422571 |
| RCC Indore | Naliya Bakhal, Bharat Marg, Indore, M.P. | PUNB0288600 | 452024001 | 0731-2450523, 2454654 |
| MPHB Shopping Complex | MP Housing Board Shopping Complex, A.B. Road, Indore (M.P.) | PUNB0289200 | 452024008 | 0731-2558542, 2551555 |
| Indira Complex, Indore | Indira Complex, Navlakha, Indore, M.P | PUNB0323800 | 452024007 | 0731-2475255, 2468709 |
| Keshar Bagh Road, Indore | Keshar Bagh Road, Indore, M.P - 452009 | PUNB0394100 | 452024009 | 0731-2368687-2473754 |
| Indore, New Subzi Mandi | New Sabzi Mandi , Indore, M.P - 452001 | PUNB0399000 | 452024010 | 0731-2330204, 2330253 |
| Vijay Nagar, Indore | First Floor 36, Scheme No. 54, Vijay Nagar Indore M.P 452010 | PUNB0462200 | 452024013 | NA |
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